Arvestaminearvestus

Arvestaminearvestus is a neologism in Estonian that blends arvestamine (calculation, estimation) with arvestus (accounting, bookkeeping). In contemporary usage, the term is not a common official designation, but it is used in theoretical discussions to describe an integrated approach to processing financial information where estimation and formal accounting processes are tightly linked. The concept emphasizes the connection between measuring financial events and recording them in the accounting system.

Etymology and usage: The word is formed by compounding two established Estonian terms. Because it is not standard, its meaning can vary by author, but it generally refers to methods that couple estimation, measurement, and accounting practice within a single framework.

Scope and components: It covers estimation of values (forecasting, valuation) together with recording those values in ledgers, asset and liability valuation, revenue recognition, cost accounting, budgeting, reporting, and internal control—essentially the interface between measurement and bookkeeping.

Implementation: In practice, arvestaminearvestus aligns with managerial accounting and accrual-based reporting. It relies on a structured chart of accounts, double-entry bookkeeping, and cost allocation methods. It may be used in educational contexts or as a theoretical construct to discuss integrated measurement and accounting workflows.

Limitations and status: As a non-standard term, it can cause ambiguity. When used, it should be defined clearly within the document or system to avoid confusion with established terms like arvestus or arvestamine.

See also: arvestus; arvestamine; financial accounting; managerial accounting.